The Industrial Commons

Community development organization based in Morganton, NC. 31 employees. Exempt under §501(c)(3).

MissionTHE MISSION OF THE INDUSTRIAL COMMONS IS TO REBUILD A DIVERSE WORKING CLASS BASED ON LOCALLY-ROOTED WEALTH.

EIN
47-2080338
State
NC
Sector
Community development
Budget band
$5M–$10M
Latest filing
TY 2024
Records
2 officers · 6 years

Financial snapshot · TY 2024

$8.7M
Total revenue
$4.0M
Total expenses
$35.4M
Net assets

Financial health · TY 2024

71
Strong financial health
Composite score out of 100 based on reserve ratio, program efficiency, and revenue diversification.
Reserve ratio
100
31.4 months of expenses
Program efficiency
68
77.1% spent on programs
Revenue diversity
19
Mix of program fees, grants & contributions

Leadership compensation

Molly Hemstreet
CO-EXECUTIVE DIRECTOR
$124,125
20th percentile vs. peers
Sara Chester
CO-EXECUTIVE DIRECTOR
$113,427
20th percentile vs. peers

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The Industrial Commons Executive Compensation | 990 Data | DoubleNine